Pro-Weave manufactures stadium blankets by passing the products through a weaving department and then a sewing department. The following information is available regarding its June inventories: Beginning Inventory $136,000 460,000 685,000 1,346,000 Ending Inventory Raw materials inventory Work in process inventory-Weaving Work in process inventory-Sewing Finished goods inventory $ 249,000 515,000 945,000 1,396,000 The following additional information describes the company's manufacturing activities for June: Raw materials purchases (on credit) Other actual overhead cost (paid in cash) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor: Weaving Sewing $ 510,000 182,000 250,000 105,000 130,000 $ 1,300,000 410,000 1,775,000 85% 165% $ 5,200,000 Required: 1. Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. Hint. Compute the total production costs in each department and then subtract the ending inventory to get the amount transferred out of each department. 2. Prepare journal entries dated June 30 to record (a) goods transferred from weaving to sewing, (b) goods transferred from sewing to finished goods, (c) sale of finished goods, and (d) cost of goods sold. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the (a) cost of products transferred from weaving to sewing, (b) cost of products transferred from sewing to finished goods, and (c) cost of goods sold. (a) Transferred from Weaving to Sewing (b) Transferred from Sewing to Finished Goods (c) Cost of goods sold Required information A B C D Record the goods transferred from weaving to sewing. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Record entry Clear entry View general journal > A Record the goods transferred from sewing to finished goods. Note: Enter debits before credits. Date June 30 General Journal Debit Credit A B Record the sale on credit. D Note: Enter debits before credits. ok int rint Date June 30 General Journal Debit Credit erences > A B C B Record the cost of goods sold. Note: Enter debits before credits. Date: General Journal Debit Credit June 30 >